800 Dollar Personal Loans For Good & Bad Credit
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$800 Cash Loans With No Credit Check
Where can I get a $800 loan?
Knowing where to look for a loan can help expedite the process. In addition, understanding the types of loans available can help you make the right decision. An $800 loan amount is slightly higher than most no credit check loan options, and just slightly lower than a small personal loan. In most cases, personal loans start at $1,000, but minimum loan amounts can vary by lender. Primary options for an $800 loan will likely include a credit card, cash advance, pawn shop loan, or financing through a retailer. If you want to borrow slightly more, you can turn to a personal loan, which may make financial sense when you consider the cost of borrowing. Here are some places you can look for an $800 loan.
- Creditors: Whether you already hold a credit card or need to apply for one, you can use a credit card to borrow $800. Of course, you’ll need to have the available balance to do so. Credit cards offer a revolving line of credit essentially. They’ll have a maximum spending limit, and the borrower can spend as needed, but they can’t exceed the spending limit in total. For example, if the spending limit on your credit card is $2,000 and you hold a $500 balance, you can spend another $1,500 before the credit card is maxed out. If you repay your balance, you can re-spend. Credit cards are a convenient option, but they can come with high APR and lead to a cycle of debt that’s hard to escape.
- Retailers: If you’re trying to make a large purchase such as electronics, a baby stroller, flooring, and so forth, some retailers may be able to offer financing. In most cases the retailer partners with a third-party lender to offer financing solutions. Financing offered through a retailer can be convenient, but limits you to only using the funds for the purchase in most cases.
- Bank or credit union: Your local bank or credit union may have options available for small personal loans or cash advances. You can check with your local bank or credit union to learn about available options.
- Online lenders: Online lenders can be a convenient option if you need access to cash fast. As mentioned, most personal loans have a minimum loan amount of $1,000, so you may need to borrow a little more than you need.
- Pawn shop: Pawn shops can help you access fast cash with no credit check. However, you’ll need to have an asset of value in exchange.
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What are the best $800 loans today?
How hard is it to get an $800 dollar loan?
The complexity of getting a $800 loan can depend on your qualifications. Well qualified applicants can have more options, thus simplifying the process. Regardless of your qualifications, you should first determine what you need funds for, and exactly how much you need. From there, you can start to explore your options and see which you qualify for.
Can I get a $800 loan with no credit check?
While there are options for smaller loans with no credit check, when you start to approach loan amounts of $800 or more, a credit check is often required. Here are some options that may be available with no credit check.
- Pawn shop loan: If you have an asset, you can visit a local pawn shop to see what they will pay you for it. However, if you don’t return in time to repay the loan, the pawn shop can seize the collateral. Before making a deal with a pawn shop, review their specific agreement as they can vary.
- Car title loan: If you own your car outright and have a title in hand, you can use it as collateral to borrow money. Again though, if you fail to repay the loan or fall behind, the lender could size the vehicle.
Can I get a $800 loan the same day?
Some $800 loans can be approved and funded the same day. If you need the money the same day, you’ll need to take this into consideration when weighing your options. Some of the fastest options may be a credit card or car title loan. While personal loans can be approved and funded quickly, not all lenders can complete the entire process in one 1 business day.
What credit score is needed for a $800 personal loan?
If a loan requires a credit check, the lender may have a credit score requirement. Credit score requirements for a $800 loan can vary depending on the type of loan and lender. The basic rule of thumb is that offers are more likely to be returned to borrowers with fair, good, or excellent credit. According to the FICO® score scale the fair range falls between 580-660. While some lenders may have minimum credit score requirements lower and higher than this, this might help you determine your chances. It’s worth mentioning as well that some lenders may not have a minimum credit score requirement at all.
What are the benefits for a $800 loan?
The benefits of a $800 loan can vary depending on your situation. Before taking out a smaller loan, such as $800, you may want to consider the option of saving the cash instead. Borrowing money comes along with costs associated, so it may not always be worth it. Again, it all depends on your situation. In most cases, the following benefits apply.
- Unsecured loans do not require collateral
- Access to funds quickly
- Fixed repayment options available
- Opportunity to boost credit score
Does a $800 dollar loan require collateral?
Some $800 loan options do require collateral. Examples of loans that require collateral include a pawn shop loan or car title loan. While these are convenient options, they are not always the most ideal. They can be restrictive with high costs. If you’re looking for options that don’t require collateral you can consider a cash advance or personal loan.
Will taking out a $800 dollar loan affect my credit score?
Chances are your credit score will experience some impact from an $800 loan. The exception would be if you use a loan that does not require a credit check and or is not reported to credit bureaus. If the loan is reported to credit bureaus, you may notice a dip in your credit score when you first obtain the loan. This can be the result of a credit pull and or taking on debt. As you repay the loan on time you can see your credit score improve, and potentially go higher than what it was before you got the loan. Monitoring your credit score on a regular basis can help you understand what impacts it. It can also help you identify past due accounts and fraud sooner potentially.
Can I get a $800 loan with bad credit?
Obtaining a smaller loan, such as $800, may be more attainable with bad credit compared to a larger loan. However, offers are more likely to be returned for borrowers with fair, good, or excellent credit. To increase your chance of approval, boost your credit score or apply with a co-signer with good credit. If you’re struggling to qualify, you may also have the option available to pursue a no credit check loan such as a car title loan.
How can I improve my chances of getting approved for a $800 loan?
Here are a few tips for improving your chances of getting approved for an $800 loan.
- Boost your credit score
- Apply with a co-signer with good credit
- Check loan offers from multiple lenders
Why choose Acorn for 800 dollar loans?
At Acorn Finance, we partner with top national lenders to simplify the process of checking personal loan offers. Through our secure platform, consumers can submit some personal information to check personal loan rates in seconds with no credit score impact. While most of our lending partners have a minimum loan amount of $1,000 or more, you may be able to find a competitive offer for more than $800. Although you may borrow more than you need, a personal loan may be more cost effective. As always, it’s important to weigh your options. With competitive offers at your fingertips you can shop offers and find just the right one.
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